S246-S247 Income Tax (Trading and Other Income) Act 2005 (ITTOIA 2005), S190-S191 Corporation Tax Act 2009 (CTA 2009)

Post-cessation receipts are usually something that would have been taken into account in arriving at the profits of the trade had it not ceased

The legislation provides for the taxation of certain receipts arising from the carrying on of a trade which:

are received after a person permanently ceases to carry on a trade

arise from the carrying on of the trade before the cessation, and

are not otherwise subject to tax (see BIM90010).

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